SPECIALTY FERTILISER FOR MODERN AGRICULTURE

In October 2025, the Company completed a Strategic Review of the Mackay Potash Project in the West Arunta region of Western Australia. As a result of the conclusions of the Strategic Review, the Company undertook a process of withdrawing from the Mackay Potash Project during the year. The Company also withdrew its Mineral Resource Estimate and Ore Reserve statements for the Mackay Potash Project.

The withdrawal involved the partial and/or full surrender of several Exploration Licences and Lake Mackay tenements prior to their anniversary dates and the associated rent obligations for the 2026/2027 period.

The Company remains committed to its environmental and native title obligations, with rehabilitation activities ongoing in consultation with native title holders. Discussions have also been initiated to responsibly conclude the Native Title Mining Agreement in relation to the Mackay Potash Project.